Given the current economic conditions, has any thought been given to temporarily dropping fees to help those that are struggling?
While the board is very sensitive to the current economic environment and its effects on all SRCA residents it could not adopt a budget that reflects reduced assessment income and still maintain the association common areas and amenities at a level the residents have become accustomed to and expect. Fees charged to the association to maintain the common owned association assets did not decrease for 2009. In many cases the cost of maintaining the common areas and amenities for 2009 has increased! As a result the board worked diligently to adopt a budget that could absorb these increases while not increasing the Annual Dues Assessment for 2009.
Related Questions
- Given current economic conditions and the stimulus packages deployed by governments around the world, what are the implications to inflation and the U.S dollar?
- Given economic conditions and lower enrollment, we are freezing or cutting our budget. How can we consider Concise Planning at this point?
- Do improving international economic conditions help?
